How important is economic freedom? Are less free and more regulated people, as a whole, just as well off as those with more economic freedom? Are all types of economic organization equally good but with different pros and cons? Or does economic freedom truly lead to a higher quality life? Which countries' people have the lowest quality of life and what is their level of economic freedom? Do property rights really matter? Is a smaller or larger role for government better?

Check out the following 60-second video that provides a perspective on this topic. What do you think?